- MAG Silver Corp (MAG, Financial) reports a record-breaking 96% silver recovery rate in Q1 2025 at Juanicipio operation.
- Q1 production achievements include 4.5 million ounces of silver and 10,198 ounces of gold.
- 2025 guidance projects silver production between 14.7-16.7 million ounces with cash operating costs of ($1.00)-$1.00 per ounce sold.
MAG Silver Corp. (MAG) has announced its first-quarter results for 2025, highlighting exceptional performance at its Juanicipio operation, which is a joint venture with Fresnillo, comprising 56% Fresnillo and 44% MAG. The operation achieved a record-breaking silver recovery rate of 96% by processing 337,000 tonnes of ore during the quarter, which is a 3.4% increase compared to the previous year.
The Q1 2025 report also notes a robust production output with 4.5 million ounces of silver and 10,198 ounces of gold produced. Despite a slight year-over-year decrease in the silver head grade to 430 g/t, the figures remain impressive in maintaining strong precious metals output comparable to Q1 2024.
Looking ahead, MAG Silver's 2025 guidance projects silver production between 14.7 million and 16.7 million ounces, with a throughput of 4,000 tonnes per operating day. Financial forecasts indicate cash operating costs ranging from ($1.00) to $1.00 per silver ounce sold, with all-in sustaining costs projected between $6.00 and $8.00. The company intends to invest $70-80 million in sustaining capital and $22-28 million in expansionary projects, such as the tailings dam expansion and underground infrastructure development. These investments are expected to enhance operational efficiencies by late 2026.
The consistent performance and strategic capital projects align with MAG Silver's focus on optimizing production and delivering strong returns for shareholders, as stated by CEO George Paspalas.
